Citizens Bank
Elizabethton, Tennessee, Carter County
$1.4B in total assets, the 795th largest of 4,309 US banks and 21st of 109 headquartered in Tennessee.
- FDIC certificate
- 14851
- Established
- 1934
- Owned by
- Citco Community Bancshares Inc
- Primary regulator
- FDIC
- Website
- www.citizensbank24.com
At a glance
Compared with 27 banks headquartered in Tennessee with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $1.4B | 37% | $1.7B | |
| Loans | $1.1B | 52% | $1.1B | |
| Deposits | $1.2B | 37% | $1.5B | |
| Return on assets | 2.00% | 82% | 1.39% | |
| Net interest margin | 4.45% | 89% | 3.76% | |
| Efficiency ratio | 55.8% | 48% | 56.7% | |
| Equity to assets | 12.77% | 93% | 10.05% | |
| Loans to deposits | 96% | 78% | 82% |
Growth
Total assets grew 5.9% a year over the last 5 years and 6.6% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Dec 2016 | American Trust Bank of East Tennessee Knoxville, TN | $142M |
| Nov 2000 | Twin City Federal Savings Bank Bristol, TN | $124M |
| Dec 1992 | Executive Park National Bank Kingsport, TN | $28M |
Where they operate
14 branches in 6 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Carter County, TN | $499M | 50.0% | 1 of 6 |
| Sullivan County, TN | $258M | 10.7% | 5 of 13 |
| Washington County, TN | $167M | 5.2% | 8 of 18 |
| Knox County, TN | $94M | 0.5% | 19 of 31 |
| Campbell County, TN | $88M | 11.6% | 4 of 8 |
| Loudon County, TN | $84M | 7.6% | 4 of 6 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 2 branches since 2016 (12 to 14, +16.7%). 1 opened, 4 acquired, 3 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 12 | |||
| 2016 | Acquired American Trust Bank of East Tennessee | 4 | 0 | +4 | 16 |
| 2017 | Closed Bristol and Church Hill | 0 | 2 | −2 | 14 |
| 2020 | Closed Johnson City | 0 | 1 | −1 | 13 |
| 2023 | Opened Knoxville | 1 | 0 | +1 | 14 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 51% | 30% | |
| 1-4 family residential | 17% | 33% | |
| Construction and land | 15% | 11% | |
| Multifamily | 8% | 4% | |
| Business (C&I) | 6% | 10% | |
| Consumer | 2% | 6% | |
| Farmland | 0% | 2% | |
| Other | 1% | 3% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 48% | 49% | |
| Time deposits | 37% | 33% | |
| Noninterest-bearing | 15% | 17% |
Brokered deposits are 4.9% of deposits (peers 7.6%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 1.01% | 0.28% |
| Net charge-offs, annualized | 0.47% | 0.03% |
| Reserves to loans | 0.90% | 1.15% |
| Leverage ratio | 12.65% | 9.92% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Tennessee
Largest competitors in Carter County, TN
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/banks/citizens-bank-elizabethton-tn